NEW YORK (AP) – Facebook is about to find out just how much status updates, puppy photos and billions of “likes” are worth on Wall Street.
Facebook’s stock is set to begin trading on the Nasdaq Stock Market on Friday, the day after the world’s definitive online social network raised $16 billion in an initial public offering that valued the company at $104 billion. That’s more than Amazon.com and other well-known companies such as Kraft, Walt Disney and McDonald’s.